PTT to boost lube sales in Myanmar

PTT PCL, Thailand’s largest energy conglomerate, said it has entered into an agreement with Tunn Star Co. to jointly distribute lubricants in Myanmar. The company expects its lubricant sales in Myanmar to rise to 5 million liters in 2010, from 3 million liters projected for this year, it said in a statement. PTT’s lubricant business currently ranks fifth in terms of market share in Myanmar and the company expects to be among the top three soon. (September 25, 2009)